Placer Dome options massive sulphide bet
Major mining company Placer Dome Inc. (TSE) has optioned a polymetallic massive sulphide prospect adjacent to tidewater near Juneau, Alaska. The Dream project is located within the same rock package a…
News
Alberta Stock Exchange Marshall moves on bid
A 10 cents increase in the value of Marshall Minerals shares indicates that a second bidder has entered into negotiations to take ore from Marshall’s Restigouche base metal property in New Brunswick. …
Radisson arranging mine financing
A credit facility worth up to $6 million has been negotiated by Radisson Mining Resources (ME) to bring the Duquesne gold project, 32 miles north of Rouyn- Noranda, Que., into production. The credit f…
Metal Prices PRODUCER PRICES (June 12, 1989)
ALUMINUM: MW U.S. Market US93.00 cents – 97.00 cents per lb. (June 1, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.20-$6.35(US) per lb (Ju…
Production begins at Cruse/Belmont
A small underground gold mining operation near Helena, Mont., is expected to generate cash flow for equal partners, Cusac Industries (VSE) and Gulf Titanium (VSE). The associated companies recently be…
Seabee project nearing mine status
Depending on the results of a final feasibility study, the next gold mine to go into production in northern Saskatchewan could well be the Seabee deposit 100% owned by Saskatoon-based Claude Resources…
IOCC GOLD OPTIONS (June 12, 1989)
Options Open Series Volume Last Interest Aug 370 C 168 12.00 514 Aug 380 C 240 8.50 1,060 Aug 400 C 110 3.50 2,555 Aug 420 C 1,380 …
U.S. gold production remains healthy
Declining gold prices have not hurt American production of the precious metal, according to a study by the Metals Economic Group in Halifax, N.S. In 1989, U.S. gold production will climb by more than …
Athena results from Talapoosa
Athena Gold Corp. (VSE) says that significant results were achieved in the final phase of drilling at its Talapoosa gold property in Nevada. Drilling in the Bear Creek zone returned 285 ft of 0.081 oz…
Two drills testing Mexican Hat property
Two drills are testing Oneida Resources’ (VSE) Mexican Hat gold property in southeastern Arizona. The property was recently optioned to Placer Dome (TSE) which has taken over as operator. One of the r…
First-refusal rights alter Homestake, Esso deal
Homestake Mining (Canada) Ltd. should soon know which holdings it is likely to end up with from the remaining property assets of Esso Minerals Canada. Earlier this year, Homestake made a $29-million b…
Earnings Report (June 12, 1989)
Aur Resources (TSE) reported earnings for the 6-month period ended Mar 31 of $1.1 million or 6.4 cents per share. In the same period last year the company reported earnings of $1.4 million or 9.2 cen…